An accounting firm is capable of processing 20 EZ tax forms per day, and the average number of forms on-hand in the office is 74 forms. What is the average processing time per EZ tax form? Assume Little's Law is applied. Round your answer to two decimal places.  days

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter12: Queueing Models
Section: Chapter Questions
Problem 59P
icon
Related questions
Question

An accounting firm is capable of processing 20 EZ tax forms per day, and the average number of forms on-hand in the office is 74 forms. What is the average processing time per EZ tax form? Assume Little's Law is applied. Round your answer to two decimal places.

 days

Expert Solution
Step 1 Introduction:-

Queuing theory is the study of waiting for lines/queues. This model helps to determine the length and the waiting time that each complement of the process needs to do. This helps to know the correct time and the number of resources that are needed for the completion of the process without any delay.

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Lean manufacturing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
MARKETING 2018
MARKETING 2018
Marketing
ISBN:
9780357033753
Author:
Pride
Publisher:
CENGAGE L